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(U0) Approaching Key Resistance *RES.....>

BOBL TECHS
BOBL TECHS: (U0) Approaching Key Resistance
*RES 4: 135.390 High May 26 (cont)
*RES 3: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)
*RES 2: 135.080 High Jun 29 and the bull trigger
*RES 1: 135.040 High Jul 22
*PRICE: 134.990 @ 05:03 BST Jul 22
*SUP 1: 134.610/560 Low Jul 20 / Low Jul 13
*SUP 2: 134.510 Low Jul 2 and key support
*SUP 3: 134.435 50.0% retracement of the rally between Jun 5 - 29
*SUP 4: 134.410 Low Jun 17
Bobl futures found support Monday at 134.61 and extended the recovery yesterday.
Recent price action has defined two important directional triggers at 134.990,
Jul 10 high and 134.560, Jul 13 low. While the outlook remains bullish, a breach
of 134.990 is required to reinforce this theme and would expose a key hurdle for
bulls at 135.080, Jun 29 high. On the downside, sub 134.560 would concern bulls
though and also expose another key support at 134.510, Jul 2 low.

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